I had many clients, in addition to age restrictions, insist on trust provisions that restrict, incentivize, or otherwise reward behaviors of their intended beneficiaries. This concept is not new, especially today, where clients believe their children or grandchildren...

Absolutely! As of January 1, 2018, the federal estate tax exemption amount will rise to $5.6 million, up from $5.49 million in 2017. The annual exclusion amount for gifts in 2018 will increase to $15,000, which is up from $14,000 for gifts in 2017. This means that...

With the high estate tax applicable exclusion amounts, which may become infinitely higher in the coming months (a married couple can currently pass about $11 million tax free), and the American Taxpayer Relief Act allowing “portability” (the estate of the deceased...

It will be interesting to see if Trump’s tax reform proposals will be enacted. According to The Committee for a Responsible Federal Budget, Trump proposes to “reduce the corporate tax rate from 35 percent to 15 percent, eliminate most business tax breaks,...

Who may create, manage, and benefit from a revocable living trust? If you were to die or become disabled, you’d want your dependents to be financially secure. And you’d want someone to manage or distribute your assets just as you would yourself, if you...